City of Commerce City Financial Report

Summary

The City of Commerce City's financial report for 2024 shows an increase in net position by $46.8 million. The report includes an unmodified opinion on the financial statements and highlights changes in revenue and expenses. The city's general fund balance levels are also reported, with a total fund balance of $107,972,341. The audit found no significant findings or difficulties.

Details

Subject

City of Commerce City Financial Report

Summary

The City of Commerce City's financial report for 2024 shows an increase in net position by $46.8 million. The report includes an unmodified opinion on the financial statements and highlights changes in revenue and expenses. The city's general fund balance levels are also reported, with a total fund balance of $107,972,341. The audit found no significant findings or difficulties.

Report Date

2024-12-31

Report Type

audit

Report Title

Audit Presentation to City Council

Authoring Body

City of Commerce City

Reporting Period

2024